In June 2021 I presented in a course for UTS on Infrastructure Delivery. My lecture was "What Investors Want". Surprisingly, it is not just high returns! I arrived early to the lecture and Martin Locke informed me that I was to be interviewed. This is the result. The editor... read more →

What does a government body seek in relation to Risk in a PPP?  Surprisingly it is not about passing all the risk off to the private sector.  It is more about value for money. Before request for tender for a PPP comes to market, the relevant agency in the sponsor... read more →

Complexity and Documentation: that is where the risk is hidden. My first private infrastructure experience – Interlink Roads and the M5 Motorway back in 1990 – was bid on a Lotus 123 model with less than 250 lines all on the only available spreadsheet page. I have just reviewed a... read more →

This and the next few blog posts in this series will aim to provide some background and colour to Public Private Partnerships (PPPs). This post will describe what a PPP is, while later posts will cover why governments enter into PPPs, what the standard risk allocations are under PPPs, the... read more →

A particularly critical time for risk creep between the parties in a Public Private Partnership project comes at the change over from construction to operation, when everyone seems to think the project is de-risked and the job is done. While it is uncommon for a project to fall apart irretrievably... read more →

If you speak to any Banker, Safety Manager or Actuary you will find that they have a very clear understanding of risk. The problem is that the understanding in each case is different. A banker develops an understanding of risk within the discipline of lending money to projects or individuals,... read more →

The Australian and New Zealand Standard on Risk Management starts the risk analysis process with an instruction to establish the context.  Most of us start at listing the risks and the mitigants.  The standard is right. Initially it seems the risks in an infrastructure PPP seem clear, particularly if the... read more →